Real GDP among key industries has improved considerably over the past few years, but Michigan ranks in the middle of the pack among its peers and below the “Top Ten” average.

What It Is: Real GDP in the engineering, geographic trade, higher education, life sciences, automotive, and natural resources sectors.

Why It Matters: These six sectors represent major opportunities crucial for growing Michigan's economy and moving it forward in the new global economy. These three major indicators (GDP, employment, and earnings) show how these sectors are contributing to a state's production and to residents' well-being.  

Key Assets – Real GDP Per Capita Trends

Key Assets – Real GDP Per Capita Standings

Source: AEG analysis using base data from Bureau of Labor Statistics, Quarterly Census of Employment and Wages, American Association of Railroads, and the Integrated Postsecondary Education Data System (spreadsheets)